Bhasin V. Can-Am Case Summary

Improved Essays
Facts
Case One: Bhasin v Hrynew, 2014 SCC 71, [2014] 3 SCR 494 (CanLII). The appellant for the case in front of the Supreme Court was Harish Bhasin. Bhasin ran his company under the name Bhasin and Associates. The plaintiff had legal representation in the form of solicitors McCarthy Tétrault. The respondents in this case were Larry Hrynew and Heritage Education Funds Inc., formerly known as Canadian American Financial Corp (to be referred to as Can – Am). The representation for the defendants solicitor Lenczner Slaught Royce Smith Griffin. The case refers most heavily to Mr. Larry Hrynew and Can – Am as the primary defendants. This case was heard at the Supreme Court of Canada courthouse at 301 Wellington St, Ottawa, ON and it was heard
…show more content…
The original case dealt with the breach of contract by the Canadian American Financial Corp (referred to as Cam-Am) with Harish Bhasin, as well as the intended disruption of a contract by Larry Hrynew. Bhasin and Hrynew were both secondary sellers of Can – Am’s financial programs, and both had separate contracts with the company that would renew every three years unless one of the parties submitted a request to end the contract six months before the three year mark. Both men worked for their own businesses and had similar market/client bases. Hrynew had frequently expressed interest in buying Bhasin’s business from him to integrate it into his own client base. Bhasin was never interested in this merger and expressed his unwillingness to sell to …show more content…
After consideration and planning, Can – Am named Hrynew to a position that would have him auditing the other Can – Am businesses in the region. This made several companies nervous, Bhasin included. Bhasin complained to Can – Am about his worries with this shift, and Can – Am frequently mislead him to think that nothing changed and that Hrynew wouldn’t have any power over Bhasin’s business. This was a breach of good faith as well as a lie. After some time had passed, Can – Am sent notice to Bhasin that they were not going to be renewing their shared contract at the end of the three year term and this caused Bhasin to lose the value of his business. During this loss, Hrynew was able to successfully monopolize Bhasin’s client base and for very little cost, merge it within his established agency, getting exactly what he wanted without having to buy out Bhasin.
Case Two: Macera v Abcon Media Canada Inc, 2017 CanLII 45939 (ON

Related Documents

  • Improved Essays

    The Current state of wrongful dismissal in Employment Law and why we believe it needs to be changed. The current state of wrongful dismissal is that damages are awarded based on what notice of lieu an employer/employee receives (Richard A. Yates, 2011). Weakness for employee: • Not compensated for pain and suffering, only awarded difference of notice they should have received and benefits/pension they would have received (Richard A. Yates, 2011).…

    • 1173 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    In the Baze v. Rees case, two inmates named Ralph Baze and Thomas Bowling were convicted for murder and sentenced with the death penalty. In 1992, Ralph Baze killed a Kentucky County Sheriff with three shots fired in his back, and also killed a deputy sheriff with two shots in the back and one in the back of his head (Rushford). The other inmate, Thomas Bowling rammed into a car in the dry cleaning parking lot; he got out of the car and shot the couple and the two-year-old child in the car and drove away in 1990 (Rushford). Baze and Bowling had claimed that Kentucky’s lethal injections is cruel and unusual punishment which is a violation of his Eighth Amendment rights. The lethal injections is a process that includes a dose of Diazepam which…

    • 190 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    Six months later Glen Anil is placed under liquidation. The liquidators of Glen Anil argue that the bonds (provided to Hill Samual) does not confer preference. The application was dismissed and an appeal was…

    • 96 Words
    • 1 Pages
    Decent Essays
  • Great Essays

    He pleaded that he was acting in a personal capacity. However, no evidence could support this argument of the defendant. Thus, a final decision for the case ASIC v Soust was submitted on 23rd April 2010 where a pecuniary penalty of $80,000 was ordered to the defendant and Martin Soust (the defendant) was disqualified from managing corporations for 10 years. The court also ordered Soust to pay ASIC, the plaintiff, all the costs of proceedings related to the…

    • 1594 Words
    • 7 Pages
    Great Essays
  • Decent Essays

    Glendeniable Instruments

    • 207 Words
    • 1 Pages

    The Court of Appeals for the Third Circuit presented two similar cases in which both taxpayers did not report money received for punitive damages and treble damages as gross income. 1.- In Commisioner of Internal Revenue vs Glenshaw Glass Company, Glenshaw, a manufacturer of glass bottles and containers legally disputed against Hartford Empire Company which manufactured machinery used by Glenshaw. Among the claims set by Glenshaw were demands for exemplary damages for fraud and treble damages for injuring its business due to violations of antitrust law by Hartford Empire. Eventually, Hartford paid Glenshaw $800,000 out of which $324,529.94 were presented as punitive damages and as consequence were not reported as income for the tax year involved.…

    • 207 Words
    • 1 Pages
    Decent Essays
  • Superior Essays

    One of the hallmarks of Stephen Harper’s tenure as Prime Minister was the adversarial relationship between Parliament and the courts. His government was “openly hostile towards the judicial branch” and often failed to take its Charter duties seriously. Harper’s lack of deference for the right and freedoms entrenched in the Charter led to several of his government’s laws being struck down by the Supreme Court of Canada. Conversely, the appeal of Frank v. Canada was a victory for the Conservative government – although the impugned legislation had been enacted over a decade before Harper became Prime Minister. It is still possible for the challenged sections of the Canada Elections Act to be declared unconstitutional, however, as the case is being appealed in the SCC.…

    • 1724 Words
    • 7 Pages
    Superior Essays
  • Superior Essays

    Rachel Varley Weston Smith Courtney Bouchez ACC 4313 9/4/15 W. R. Grace vs. SEC W. R. Grace trouble all started in the early 1990’s. W. R. Grace is a catalyst manufacturer, they specialize in petroleum refining and chemical processing catalysts. The relatively successful company had run into some unexpected spike in profits. The executives knew that they could not keep up this growth and eventually the profit would decrease again and investors would be concerned. So instead they decided to take the 30% growth and stash it in a secret fund, they participated in profit management.…

    • 1355 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    Asic V Goldie Case Summary

    • 1959 Words
    • 8 Pages

    Introduction Centro Property Group’s Andrew Scott (CEO), Brian Healey (chairman), Paul Cooper (chairman), Romano Nenna (CFO), non-executive directors Peter Wilkinson, Sam Kavourakis and Peter Goldie, and Jim Hall were sued for $200 million dollar in damages from a class action lawsuit where investors alleged deceptive conduct and breaches. It is broadly perceived that a high level executive - director - ought not just to attend board meetings, but rather partake effectively in the issues of the organization and ought to, as a specialist of the organization, show most extreme expertise, care and steadiness in the practice of his or her forces and capacities in the interest of the organization. The matter of Australian Securities and Ventures…

    • 1959 Words
    • 8 Pages
    Great Essays
  • Great Essays

    One case that I saw was Vernon vs British Columbia the company made numerous allegation against her but now where founded when they were in a court of…

    • 1444 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Recently, Dinesh Kumar was faced with an ethical dilemma. Dinesh, a new hire accountant at O’Brian & McKinney, was asked by Kate McKinney, the company’s co-founder, to investigate the billings of an important client, Russell Brandy. Russell Brandy has been dissatisfied with O’Brian & McKinney, claiming he has been overcharged. As a result, Tom O’Brian, the company’s co-founder, has pushed to fire John Goodfellow, the Account Executive in charge of Russell Brady’s account, and give the account to Danielle Chen. Danielle is the Account Executive in charge of the account of Collin Bennet, a very happy client.…

    • 1223 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    Canakinumab Case Summary

    • 173 Words
    • 1 Pages

    The manufacturer of Canakinumab is Novartis Pharma. The trade name is Ilaris. It is used in the treatment of Cryopyrin-Associated Periodic Syndromes (CAPS), Tumor Necrosis Factor Receptor Associated Periodic Syndrome (TRAPS), Hyperimmunoglobulin D Syndrome (HIDS), Mevalonate Kinase Deficiency (MKD), and Familial Mediterranean Fever (FMF)Active Systemic Juvenile Idiopathic Arthritis (SJIA). The cost of one dose of canakinumab 150mg is $12181.4. Take an adult patient whose body weight is 40kg as an example, the cost per eight weeks is $12181.4 for CAPS, $ 24362.8 for TRAPS, HIDS, MKD and FMF, and $25987 for SJIA.…

    • 173 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Reasoning: Justice Blackmun delivered the opinion of the Court, joined by all but Justice Scalia (dissent below) and joined by Justice Brennan as to all but Note 11. First, the majority noted the background of sentencing disparities that lead to the Congressional Act at issue here. Turning to the Constitutional questions, the majority considered delegation principles. Under the precedents of the Court, Congress may delegate responsibility so long as the delegation includes an “intelligible principle” to guide exercise of the authority delegated and so long as Congress has not delegated its legislative function. The Court concluded that Congress provided sufficient guidance here, giving the Commission a lengthy list of factors that should influence…

    • 435 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    But it is very important to know that just because you have a contractual association, does not mean that the contract will be enforced. With this case, involving the freedom of contracting parties to alter the face of the arbitration process. The gravitational force of arbitration has tended to sweep up all sorts of other alternative dispute resolution mechanisms, causing them to benefit from the legitimacy, and statutory protection,…

    • 761 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Company Overview: Bayou Group LLC The Bayou Group LLC (Bayou Group) was founded by Samuel Israel III along with two co-founders, James Marquez and Daniel Marino in 1996. It attracted many investors as there is high expectation on it produces high returns. Bayou was a service company that does trading and investing client’s fund to produce return.…

    • 1413 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Bruce Maitland Case Study

    • 1485 Words
    • 6 Pages

    Define the Problem Bruce Maitland, like most business men, started his business with the intent to provide for his family and be an entrepreneur. The interaction with Chuck Harper might have seemed like a relationship that was going to benefit his business in a positive way and create a long lasting friendship. The problem that he did not perceive with the initial meeting was the potential for a fraud pyramid to occur. The first factor in the fraud pyramid is the motive.…

    • 1485 Words
    • 6 Pages
    Improved Essays